After reading this article you will learn about:- 1. Characteristics of a Government Company 2. Advantages of a Government Company 3. Limitations. Characteristics of a Government Company: 1. A government company is formed and registered under the Companies Act, 1956 as a public company or a private company. Provisions of company law are applicable to government companies also. 2. It [...]
Management and Accounting have been closely associated for a long time. Historically, the functions of accounting have been to record, analyze, and report the results of business operations in various units of measurement, such as rupees, units of production, standard hours and kilowatts. With such information, management can: (1) Plan future operations, (2) Control key variables, (3) Decide among alternative [...]
After reading this article you will learn about:- 1. Concept of Organisation Structure 2. Need for Organisation Structure 3. Design. Concept of Organisation Structure: No organisation can work without people. Organisation structure simply means the systematic arrangement of the people working for the organization in order to achieve pre-decided goals. Organisation structure is concerned with the establishment of positions (persons) [...]